U.S. Customs and Border Protection published a notice of proposed rulemaking that would make substantial changes to the way imported merchandise is transported inland under a bond.
U.S. aircraft manufacturer Boeing will participate in the U.S. Export-Import Bank’s Supply-Chain Finance Guarantee program, which provides competitively priced working capital financing to suppliers of goods or services to U.S. exporters. Ex-Im Bank approved the Boeing supplier program in September 2011 with an initial capacity of $740 million. The bank can guarantee […]
The U.S. Export-Import Bank will provide small exporters with revolving credit through a new product called Global Credit Express (GCE). “This new product will provide additional liquidity for eligible American exporters and access to financing at a reasonable cost,” said Bank Chairman Fred P. Hochberg, in a statement. Through GCE, small business […]
Trenck A leading shipping analyst said last week he expects the transpacific trade to perform better in 2012 than it did in 2011. “I feel better about the U.S. short-term than many other areas of the globe,” Charles de Trenck, founder of Hong Kong-based Transport Trackers, wrote in his 2012 forecast. “The political […]
The U.S. Commerce Department’s Bureau of Industry and Security Undersecretary Eric L. Hirschhorn on March 1 will meet with leading Silicon Valley companies to update them on the reform of the country’s export control regulations. The two-hour seminar, scheduled from 6 p.m. to 8 p.m. at SAP in Palo Alto, Calif., is […]
Phoenix-based Banner Health said it saved $41.5 million in a single year through a partnership that focused on reducing supply chain costs, eliminating clinical variations and improving the overall quality of care delivery. Banner said by partnering with Premier, a performance improvement alliance of more than 2,500 U.S. hospitals and 81,000-plus “other” healthcare […]
MercuryGate International, a transportation management solutions (TMS) service provider, has announced a partnership with JFE Pfe Ltd., a supply chain services provider, to create MercuryGate Asia Pacific. MercuryGate has operated in the Pacific Rim region for some time, but said the move was to add a global face forits TMS in the region, as well […]
The ocean carrier Maersk Line has dropped a port call at Port Elizabeth in favor of a new call at Cape Town and added a seventh vessel to its weekly Middle East/India-South Africa MESA service, increasing round-trip voyage time from 42 days to 49 days. The revised rotation of MESA is Dubai, […]
Government logistics services provider LMI will establish a southeast region office via its recent acquisiton of Belzon Inc., a government consultancy in Huntsville, Ala. LMI, which focuses on defense and intelligence, health care, homeland security, energy and environment, and civil government work, said the purchase was finalized, but did not disclose financial terms. Belzon […]
The liner carrier Mediterranean Shipping Co. said it plans to raise rates on the trades from the Indian Subcontinent and Middle East to Europe from March 1. The increases are: $200 per TEU from Indian and Pakistan to Northern Europe. $150 per TEU from Middle East to Europe, including Northern Europe, the Mediterranean, […]
W.I.S. Logistics, a third party logistics (3PL) company in Wisconsin, has signed a deal to use Transite’s JaguarTMS as its transportation management system. W.I.S. said that support for online LTL rating, carrier selection, shipment tender, bills of lading and tracing were key in its decision. The 3PL offers a variety of services […]
London-based advisory and research company Drewry said Tuesday it has opened a new office in Shanghai. “Through this new site, Drewry is now better placed to serve key clients, while also using local market knowledge to support international clients,” the company said. “Drewry is no stranger to the Chinese market, having built long-established […]
Expeditors International of Washington reported a profit for the fourth quarter ending Dec. 31 of $92.8 million, 4 percent less than the same 2010 period. Revenue for the quarter was $1.5 billion, down 5 percent, while net revenue was $476 million, a 5 percent increase. For the full year, the company […]
The shuttered transpacific liner carrier The Containership Co. earlier this month won a decision in U.S. Bankruptcy Court that could help the line recoup lost revenue from its former shipper customers.
APMT assumed control of the port’s North Terminal in July, and since then “crane productivity has more than doubled to 26.57 moves per hour per crane and gate turnaround time has decreased by 49 percent to 28 minutes.”
Maersk Line has dropped more calls at its West Mediterranean hubs in Algecrias, Spain and Tangiers, Morocco on its weekly services between Asia and North Europe.
The liner carrier Mediterranean Shipping Co. said it plans to raise rates on a number of trades out of the east Mediterranean and Black Sea from March 1. The increases are: $50 per container from Egypt, Lebanon, Cyprus, Syria, and Israel to South Africa, Mozambique and West Africa. $100 per container from […]
The Port Authority of New York and New Jersey said it handled a 5.5 million TEUs in 2011 (both loaded and empty), about 4 percent more than in 2010. The port’s on-dock rail system – known as ExpressRail – also set a new record in 2011, handling 422,144 containers of all sizes, or 12 […]
By Eric Kulisch Senate Budget Committee leaders expressed their concern during a hearing last week about the detention of Sam LaHood and 15 other young Americans by Egyptian authorities because of their work for non-governmental organizations dedicated to fostering and strengthening democratic institutions around the world. The key witness was Transportation Secretary Ray […]
IBM has entered an agreement to buy Worklight, an Israel-based enterprise mobile applications development firm. IBM said Worklight will become an “important piece of IBM’s mobility strategy,” and estimates in the Israeli press put the company’s value at about $70 million. Worklight builds HTML5 apps plus the middleware and security features to support them, […]
